Planet Gore

Fact Checking Obama on the Auto Bailouts

The AP finds that Team Obama is playing loose with the facts — shocking, I know — when it dings President Bush for his bailout of the auto industry:

WASHINGTON — To hear President Barack Obama’s account of the government’s rescue of General Motors and Chrysler, you might think the Bush administration handed the automakers a big blank check — billions of dollars in loans with no strings attached.

Obama, defending his administration’s relations with the business community on Monday, said the White House knew the bailout of GM and Chrysler would be unpopular with the public but was crucial to preserving 1 million jobs. He said his administration forced the auto companies to make drastic changes in return for the money, unlike his predecessor.

“Now keep in mind the previous administration had been helping them, giving them billions of dollars, and just asking nothing in return,” Obama said in a CNBC town hall meeting. Not exactly.

The rest here.

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